Monthly Archives: October 2017

[10/22/17] Markets are never perfect.
Yet for the last eight-and-a-half years, they've been rather magnificent. The benchmark S&P 500 Index has jumped 19% over the past 12 months, 30% over the past three years and a whopping 93% since 2009.
The Nasdaq recently called this perpetual march to new highs the never-ending bull market. Fund managers have been milking it while the short-seller Jim Chanos admitted to CNBC last month that spotting overvalued stocks has been easy; it's making money on them that's become difficult.
If and when the bull market might end is anyone's guess. What's not in dispute is that stocks are trading near their highest...